The S&P Global Hong Kong SAR PMI rose to 52.0 in June 2026 from 50.4 in May, signaling a second consecutive month of expansion in private-sector activity. This was the strongest pace of growth since February, underpinned by more robust increases in output and new orders.
New orders expanded for a second month in a row, supported by improving demand and increased spending during the World Cup. However, employment continued to decline, albeit only marginally. For the first time since last September, firms also cut back on purchasing activity, reflecting concerns about the sales outlook, while delivery times lengthened amid supplier shortages and shipping delays.
On the price front, input costs rose, driven by higher raw material prices, though the rate of input cost inflation eased compared with the previous month. In response, firms increased their selling prices, partially passing higher costs on to customers. Business sentiment, however, deteriorated, weighed down by subdued local demand.
